Question 2: Mirbat Company has the following information for the period ended 31 December 2020. Direct material purchases 380000 OMR Direct labor OMR 210000 Factory maintenance 28000 OMR Power and heat-factory 14500 OMR Direct Expenses prime cost Indirect factory labor 23000 10 % of the OMR Freight In 6500 OMR Depreciation - Factory 24800 OMR Inventories, 1 January 2020: Direct Material OMR 44300 Work-in-process Finished goods OMR 51200 OMR 77000 Purchase returns of direct materials OMR 3400 Inventories, 31 December 2020: Material OMR 18000 Work-in process Finished goods OMR 35000 4000 Units Total Production Units 36000 units Finished goods are valued at the current unit manufacturing cost. You are required to prepare: I. Manufacturing Statement II. Calculate unit production cost.
Question 2: Mirbat Company has the following information for the period ended 31 December 2020. Direct material purchases 380000 OMR Direct labor OMR 210000 Factory maintenance 28000 OMR Power and heat-factory 14500 OMR Direct Expenses prime cost Indirect factory labor 23000 10 % of the OMR Freight In 6500 OMR Depreciation - Factory 24800 OMR Inventories, 1 January 2020: Direct Material OMR 44300 Work-in-process Finished goods OMR 51200 OMR 77000 Purchase returns of direct materials OMR 3400 Inventories, 31 December 2020: Material OMR 18000 Work-in process Finished goods OMR 35000 4000 Units Total Production Units 36000 units Finished goods are valued at the current unit manufacturing cost. You are required to prepare: I. Manufacturing Statement II. Calculate unit production cost.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Question 2:
Mirbat Company has the following information for the period ended 31 December 2020.
Direct material purchases
380000
OMR
Direct labor
OMR
210000
Factory maintenance
28000
OMR
Power and heat-factory
14500
OMR
Direct Expenses
prime cost
Indirect factory labor
23000
10 % of the
OMR
Freight In
6500
OMR
Depreciation - Factory
24800
OMR
Inventories, 1 January 2020:
Direct Material
OMR 44300
Work-in-process
Finished goods
OMR 51200
OMR 77000
Purchase returns of direct materials
OMR
3400
Inventories, 31 December 2020:
Material
OMR 18000
Work-in process
Finished goods
OMR 35000
4000 Units
Total Production Units
36000
units
Finished goods are valued at the current unit manufacturing cost.
You are required to prepare:
I. Manufacturing Statement
II. Calculate unit production cost.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb18a1840-29df-46e1-a477-d61c52a63cad%2F5ee34bf5-7bf7-4e3c-9f2d-09c523626958%2Fsrk8hpi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 2:
Mirbat Company has the following information for the period ended 31 December 2020.
Direct material purchases
380000
OMR
Direct labor
OMR
210000
Factory maintenance
28000
OMR
Power and heat-factory
14500
OMR
Direct Expenses
prime cost
Indirect factory labor
23000
10 % of the
OMR
Freight In
6500
OMR
Depreciation - Factory
24800
OMR
Inventories, 1 January 2020:
Direct Material
OMR 44300
Work-in-process
Finished goods
OMR 51200
OMR 77000
Purchase returns of direct materials
OMR
3400
Inventories, 31 December 2020:
Material
OMR 18000
Work-in process
Finished goods
OMR 35000
4000 Units
Total Production Units
36000
units
Finished goods are valued at the current unit manufacturing cost.
You are required to prepare:
I. Manufacturing Statement
II. Calculate unit production cost.
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